TAP - Molson Coors Beverage Company
Price:
--
--
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CONSENSUS:
Hold
DETAILS
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PRICE TARGET:
$50.67
DETAILS
HIGH:
$65.00
LOW:
$40.00
MEDIAN:
$50.00
CONSENSUS:
$50.67
UPSIDE:
3.51%
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 11,627.0 | 11,702.1 | 10,701.0 | 10,279.7 | 9,654.0 | 10,579.4 | 10,769.6 | 11,002.8 | 4,885.0 | 3,567.5 |
| Cost of Revenue | 7,093.6 | 7,333.3 | 7,045.8 | 6,226.3 | 5,885.7 | 6,378.2 | 6,584.8 | 6,236.7 | 2,999.0 | 2,131.6 |
| Gross Profit | 4,533.4 | 4,368.8 | 3,655.2 | 4,053.4 | 3,768.3 | 4,201.2 | 4,184.8 | 4,766.1 | 1,886.0 | 1,435.9 |
| Operating Expenses | ||||||||||
| R&D Expenses | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| SG&A Expenses | 2,516.1 | 2,779.9 | 2,618.8 | 2,554.5 | 2,437.0 | 2,728.0 | 2,802.7 | 3,052.0 | 1,597.2 | 1,038.3 |
| Other Expenses | 264.1 | 150.7 | 878.9 | 44.5 | 1,740.2 | 708.8 | (249.7) | 36.4 | (3,033.8) | (169.6) |
| Operating Expenses | 2,780.2 | 2,930.6 | 3,497.7 | 2,599.0 | 4,177.2 | 3,436.8 | 2,553.0 | 3,088.4 | (1,436.6) | 868.7 |
| Operating Income | ||||||||||
| Operating Income | 1,753.2 | 1,438.2 | 157.5 | 1,454.4 | (408.9) | 764.4 | 1,631.8 | 1,677.7 | 3,322.6 | 567.2 |
| Interest Expense | 279.3 | 228.8 | 236.3 | 261.6 | 285.9 | 301.4 | 313.9 | 345.6 | 294.8 | 133.2 |
| Interest Income | 35.4 | 25.4 | 4.3 | 2.0 | 3.3 | 8.2 | 8.0 | 6.0 | 27.2 | 8.3 |
| Profitability | ||||||||||
| EBITDA | 2,545.1 | 2,169.3 | 872.9 | 2,285.4 | 552.7 | 1,619.8 | 2,523.5 | 2,545.3 | 3,714.1 | 890.8 |
| EBIT | 1,785.7 | 1,486.5 | 188.1 | 1,499.3 | (369.3) | 760.8 | 1,666.0 | 1,732.5 | 3,325.7 | 576.4 |
| Income Before Tax | 1,503.0 | 1,252.5 | (62.5) | 1,239.0 | (643.9) | 479.9 | 1,359.8 | 1,381.7 | 3,035.3 | 410.7 |
| Income Tax Expense | 345.3 | 296.1 | 124.0 | 230.5 | 301.8 | 233.7 | 225.2 | (53.2) | 1,050.7 | 51.8 |
| Net Income | 1,122.4 | 948.9 | (175.3) | 1,005.7 | (945.7) | 241.7 | 1,116.5 | 1,414.2 | 1,975.9 | 359.5 |
| Per Share Data | ||||||||||
| EPS (Basic) | 5.38 | 4.39 | -0.86 | 4.63 | -4.36 | 1.12 | 5.17 | 6.57 | 9.32 | 1.94 |
| EPS (Diluted) | 5.35 | 4.37 | -0.86 | 4.62 | -4.36 | 1.11 | 5.15 | 6.53 | 9.26 | 1.93 |
| Shares Outstanding | 208.8 | 216.0 | 216.9 | 217.1 | 216.8 | 216.6 | 216.0 | 215.4 | 212.0 | 185.3 |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 969.3 | 868.9 | 600.0 | 637.4 | 770.1 | 523.4 | 1,057.9 | 418.6 | 560.9 | 430.9 |
| Short-Term Investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Receivables | 842.9 | 879.4 | 866.2 | 879.4 | 687.1 | 820.3 | 871.0 | 902.0 | 805.3 | 525.9 |
| Inventory | 727.8 | 802.3 | 792.9 | 804.7 | 664.3 | 615.9 | 591.8 | 591.5 | 592.7 | 196.7 |
| Other Current Assets | 308.4 | 297.9 | 378.9 | 457.2 | 297.3 | 224.8 | 245.6 | 236.5 | 174.6 | 112.1 |
| Total Current Assets | 2,848.4 | 2,848.5 | 2,638.0 | 2,778.7 | 2,418.8 | 2,184.4 | 2,766.3 | 2,189.7 | 2,169.6 | 1,258.8 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 4,460.4 | 4,444.5 | 4,222.8 | 4,192.4 | 4,250.3 | 4,546.5 | 4,608.3 | 4,673.7 | 4,507.4 | 1,590.8 |
| Goodwill | 5,582.3 | 5,325.3 | 5,291.9 | 6,152.6 | 6,151.0 | 7,631.4 | 8,260.8 | 8,405.5 | 8,250.1 | 1,983.3 |
| Intangible Assets | 12,195.2 | 12,614.6 | 12,800.1 | 13,286.8 | 13,556.1 | 13,656.0 | 13,776.4 | 14,296.5 | 14,031.9 | 4,745.7 |
| Long-Term Investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 2,441.0 |
| Other Non-Current Assets | 978.0 | 1,142.2 | 915.5 | 1,208.5 | 954.9 | 841.5 | 698.0 | 681.5 | 382.5 | 236.5 |
| Total Non-Current Assets | 23,215.9 | 23,526.6 | 23,230.3 | 24,840.3 | 24,912.3 | 26,675.4 | 27,343.5 | 28,057.2 | 27,171.9 | 11,017.5 |
| Total Assets | 26,064.3 | 26,375.1 | 25,868.3 | 27,619.0 | 27,331.1 | 28,859.8 | 30,109.8 | 30,246.9 | 29,341.5 | 12,276.3 |
| Current Liabilities | ||||||||||
| Account Payables | 1,875.0 | 1,980.8 | 2,068.2 | 2,098.1 | 1,732.7 | 1,686.8 | 1,616.8 | 1,568.6 | 1,297.6 | 559.6 |
| Short-Term Debt | 32.2 | 911.8 | 397.1 | 514.9 | 1,020.1 | 928.2 | 1,594.5 | 714.8 | 684.8 | 28.7 |
| Deferred Revenue | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Current Liabilities | 596.9 | 646.2 | 537.9 | 629.8 | 750.7 | 648.6 | 612.9 | 614.9 | 614.2 | 305.7 |
| Total Current Liabilities | 3,045.2 | 4,092.6 | 3,375.4 | 3,622.2 | 3,909.6 | 3,695.5 | 4,300.9 | 3,399.3 | 3,157.5 | 1,217.2 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 6,113.9 | 5,312.1 | 6,165.2 | 6,647.2 | 7,208.2 | 8,109.5 | 8,893.8 | 10,598.7 | 11,387.7 | 2,908.7 |
| Deferred Tax Liabilities | 2,733.4 | 2,697.2 | 2,646.4 | 2,704.6 | 2,381.6 | 2,258.6 | 2,128.9 | 1,648.6 | 1,699.0 | 799.8 |
| Other Non-Current Liabilities | 719.1 | 838.1 | 766.1 | 980.9 | 1,210.4 | 1,123.1 | 1,050.4 | 1,165.3 | 1,475.6 | 287.5 |
| Total Non-Current Liabilities | 9,566.4 | 8,847.4 | 9,577.7 | 10,332.7 | 10,800.2 | 11,491.2 | 12,073.1 | 13,412.6 | 14,562.3 | 3,996.0 |
| Total Liabilities | 12,611.6 | 12,940.0 | 12,953.1 | 13,954.9 | 14,709.8 | 15,186.7 | 16,374.0 | 16,811.9 | 17,719.8 | 5,213.2 |
| Stockholders' Equity | ||||||||||
| Common Stock | 374.0 | 455.2 | 517.6 | 522.1 | 522.2 | 662.4 | 662.8 | 662.9 | 681.3 | 712.9 |
| Retained Earnings | 8,238.0 | 7,484.3 | 6,894.1 | 7,401.5 | 6,544.2 | 7,617.0 | 7,692.9 | 7,206.1 | 6,119.0 | 4,496.0 |
| Accumulated Other Comprehensive Income | (1,362.4) | (1,116.3) | (1,205.5) | (1,006.0) | (1,111.1) | (1,091.3) | (1,089.7) | (800.5) | (1,501.9) | (1,344.5) |
| Total Stockholders' Equity | 13,092.4 | 13,196.0 | 12,689.7 | 13,417.1 | 12,365.0 | 13,419.4 | 13,507.4 | 13,226.1 | 11,418.7 | 7,043.0 |
| Total Liabilities & Equity | 26,064.3 | 26,375.1 | 25,868.3 | 27,619.0 | 27,331.1 | 28,859.8 | 30,109.8 | 30,246.9 | 29,341.5 | 12,276.3 |
| Debt Metrics | ||||||||||
| Total Debt | 6,192.8 | 6,270.8 | 6,607.0 | 7,207.5 | 8,275.4 | 9,084.3 | 10,488.3 | 11,313.5 | 12,072.5 | 2,937.4 |
| Net Debt | 5,223.5 | 5,401.9 | 6,007.0 | 6,570.1 | 7,505.3 | 8,560.9 | 9,430.4 | 10,894.9 | 11,511.6 | 2,506.5 |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 1,157.7 | 948.9 | (186.5) | 1,008.5 | (945.7) | 246.2 | 1,134.6 | 1,436.4 | 1,981.8 | 362.8 |
| Depreciation & Amortization | 759.4 | 682.8 | 684.8 | 786.1 | 922.0 | 859.0 | 857.5 | 812.8 | 388.4 | 314.4 |
| Stock-Based Compensation | 43.1 | 44.9 | 33.6 | 32.1 | 24.2 | 8.5 | 42.6 | 58.3 | 29.9 | 18.4 |
| Change in Working Capital | (178.1) | 80.4 | (183.2) | (36.1) | 76.1 | (12.5) | (88.0) | 16.8 | 187.2 | 22.6 |
| Other Non-Cash Items | (217.1) | 25.9 | 1,029.3 | (447.6) | 1,317.3 | 562.4 | 159.4 | (404.8) | (2,511.1) | (54.1) |
| Operating Cash Flow | 1,910.3 | 2,079.0 | 1,502.0 | 1,573.5 | 1,695.7 | 1,897.3 | 2,331.3 | 1,866.3 | 1,126.9 | 696.4 |
| Investing Activities | ||||||||||
| Capital Expenditure | (674.1) | (671.5) | (661.4) | (522.6) | (574.8) | (593.8) | (651.7) | (599.6) | (341.8) | (275.0) |
| Acquisitions | (8.6) | (63.7) | 32.2 | 26.0 | 158.8 | 115.9 | 32.5 | 60.5 | (11,786.5) | (84.1) |
| Purchases of Investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (1,253.7) | (1,442.7) |
| Sales/Maturities of Investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1,086.9 | 1,441.1 |
| Other Investing Activities | 34.7 | (106.5) | 4.1 | (13.3) | 2.4 | 44.6 | (49.9) | 0.9 | 8.5 | 26.0 |
| Investing Cash Flow | (648.0) | (841.7) | (625.1) | (509.9) | (413.6) | (433.3) | (669.1) | (538.2) | (12,286.6) | (334.7) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (20.1) | (397.8) | (505.8) | (1,005.2) | (917.4) | (1,587.9) | (694.1) | (1,096.8) | 9,235.6 | (50.8) |
| Stock Repurchased | (643.4) | (205.8) | (51.5) | 0.0 | (4.1) | 0.0 | 0.0 | 0.0 | 0.0 | (150.1) |
| Dividends Paid | (369.2) | (354.7) | (329.3) | (147.8) | (125.3) | (424.4) | (354.2) | (353.4) | (352.9) | (303.4) |
| Other Financing Activities | (105.7) | (23.1) | (2.9) | (19.2) | (27.7) | 3.7 | 23.4 | (46.2) | (90.4) | (27.2) |
| Financing Cash Flow | (1,138.4) | (981.4) | (889.5) | (1,172.2) | (1,070.4) | (2,007.0) | (1,008.9) | (1,496.4) | 11,317.9 | (531.5) |
| Cash Position | ||||||||||
| Net Change in Cash | 100.4 | 268.9 | (37.4) | (132.7) | 246.7 | (534.5) | 639.3 | (142.3) | 130.0 | (193.7) |
| Cash at Beginning | 868.9 | 600.0 | 637.4 | 770.1 | 523.4 | 1,057.9 | 418.6 | 560.9 | 430.9 | 624.6 |
| Cash at End | 969.3 | 868.9 | 600.0 | 637.4 | 770.1 | 523.4 | 1,057.9 | 418.6 | 560.9 | 430.9 |
| Free Cash Flow | 1,236.2 | 1,407.5 | 840.6 | 1,050.9 | 1,120.9 | 1,303.5 | 1,679.6 | 1,266.7 | 785.1 | 421.4 |
| Key Metrics | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 11,627.0 | 11,702.1 | 10,701.0 | 10,279.7 | 9,654.0 | 10,579.4 | 10,769.6 | 11,002.8 | 4,885.0 | 3,567.5 |
| Gross Profit | 4,533.4 | 4,368.8 | 3,655.2 | 4,053.4 | 3,768.3 | 4,201.2 | 4,184.8 | 4,766.1 | 1,886.0 | 1,435.9 |
| Operating Income | 1,753.2 | 1,438.2 | 157.5 | 1,454.4 | (408.9) | 764.4 | 1,631.8 | 1,677.7 | 3,322.6 | 567.2 |
| Net Income | 1,122.4 | 948.9 | (175.3) | 1,005.7 | (945.7) | 241.7 | 1,116.5 | 1,414.2 | 1,975.9 | 359.5 |
| EPS (Diluted) | 5.35 | 4.37 | -0.86 | 4.62 | -4.36 | 1.11 | 5.15 | 6.53 | 9.26 | 1.93 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 969.3 | 868.9 | 600.0 | 637.4 | 770.1 | 523.4 | 1,057.9 | 418.6 | 560.9 | 430.9 |
| Total Assets | 26,064.3 | 26,375.1 | 25,868.3 | 27,619.0 | 27,331.1 | 28,859.8 | 30,109.8 | 30,246.9 | 29,341.5 | 12,276.3 |
| Total Debt | 6,192.8 | 6,270.8 | 6,607.0 | 7,207.5 | 8,275.4 | 9,084.3 | 10,488.3 | 11,313.5 | 12,072.5 | 2,937.4 |
| Stockholders' Equity | 13,092.4 | 13,196.0 | 12,689.7 | 13,417.1 | 12,365.0 | 13,419.4 | 13,507.4 | 13,226.1 | 11,418.7 | 7,043.0 |
| Cash Flow | ||||||||||
| Operating Cash Flow | 1,910.3 | 2,079.0 | 1,502.0 | 1,573.5 | 1,695.7 | 1,897.3 | 2,331.3 | 1,866.3 | 1,126.9 | 696.4 |
| Capital Expenditure | (674.1) | (671.5) | (661.4) | (522.6) | (574.8) | (593.8) | (651.7) | (599.6) | (341.8) | (275.0) |
| Free Cash Flow | 1,236.2 | 1,407.5 | 840.6 | 1,050.9 | 1,120.9 | 1,303.5 | 1,679.6 | 1,266.7 | 785.1 | 421.4 |